Tag Archives: Oil

Oil prices fell on Wednesday, following the release of the weekly inventories report from the United States Energy Information Administration (EIA). Data by the EIA showed an increase in U.S. crude stockpile, which prompted a decline in oil prices to their lowest level in roughly three weeks, despite the decline …

Oil prices fell for the second consecutive session on Wednesday, May 19, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth. Brent crude futures …

Oil prices declined on Tuesday, as media reports pointed to expectations of a rise in output as talks continue regarding the Iran nuclear deal. In addition, data by the American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 620,000 barrels last week. Gasoline inventories …

Brent crude futures rose above the level of $70 a barrel for the first time since last March, as hopes for a strong recovery in fuel demand after the resumption of economic activities in the United States and Europe were offset by concerns about the spread of Covid-19 cases in …

Oil, Crude, trading

Oil prices rose on Monday, opening the week with a strong performance amid expectations for recovery from the coronavirus pandemic. Recent media reports suggested that the Indian Prime Minister, Narendra Modi, is going forward with a new construction project named the Central Vista Redevelopment Project, which includes establishing new buildings …

Oil prices moved within a limited range today, Monday, after concerns about supplies subsided to support the recovery of a major US pipeline network, but the imposition of new restrictions in Asia amid the escalation of Covid-19 cases affected sentiment. The gasoline shortage plaguing the east coast of the United …

Oil prices finished higher on Friday, managing to register their third consecutive weekly rise. A recent downstream disruption in the United States that resulted from an attack on the Colonial Pipeline, which led to fears about a drop in the demand for crude oil by refineries, appears to be at …

The number of active rigs drilling for crude oil and natural gas in the United States rose by five to 453 this week, according to data by Baker Hughes on Friday. The weekly report indicated that the oil rig count increased by eight to 352 this week, as natural gas …

Crude oil futures rose during the European session on Friday. According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%. It previously traded at a session high $64.75 a barrel. Crude oil may find …